320 N Cherry Street Lancaster, PA ^$ 315,000

320 N Cherry Street

^$ 315,000

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320 N Cherry Street

Lancaster, PA, 17602

^$ 315,000

Studio Baths0.0 Sq 2,600

Monthly Estimate*

^$ 1,887

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Studio

Commercial Property for sale in Lancaster, PA

for $315,000. This 2,600 square foot building was built in 1878 on a lot size of 0.06.

Formally the gorgeous Cherry Jubilee Restaurant, then a private club. This freestanding brick building is looking for a new owner with vision to make her grand once again. Property is in need of a total rehab. 2 Parking spaces come with the purchase of the building. Additional spaces negotiable.

Commercial Active

Price

^$ 315,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,641

Style

Restaurant/Bar,Banquet Facility/Lodge

Lot Size

0.06

Year Built

1878

Town/City

Lancaster

County/Region

Lancaster

MLS | Web ID

PALA2044116

Features

Interior

Heating Fuel Natural Gas

Flooring Carpet Concrete

Hot Water Natural Gas

Heating Y/N Y

Central Air Y/N Y

General

Sewer Public Sewer

Heating Heat Pump(s)

Cooling Central A/C

Utilities Cable TV Available

Possession Immediate

Roof Pitched Rubber

Zoning MIXED USE

Security Features Smoke Detector

Construction Materials Other Brick Wood Siding

Year Built 1878

Electric 220 Volts 200+ Amp Service

Property SubType Other

Tax Year 2023

Percent Ownership Fee Simple

Cool Fuel Electric

Municipality LANCASTER CITY

Business Type Restaurant/Bar Banquet Facility/Lodge

Accessibility None

County LANCASTER

New Construction N

Property Type Commercial Sale

Subdivision Name LANCASTER

Possible Use Food & Beverage Restaurant Bar/Tavern/Lounge

Water Access Y/N N

Status ACTIVE

Directions Cherry Street Alley

City LANCASTER

MLS Area Lancaster City (10533)

Lot Size Units Square Feet

Lot Size Square Feet 2600.00

Waterfront Y/N N

Tax Annual Amount 4641.69

Price Per Sq Ft Total AG 121.15

Acceptable Financing Cash

Vacation Rental Y/N N

Days on Market 299

Location Type Downtown

Standard Status Active

Year Built Source Estimated

Exterior

Lot Features Road Frontage

Water Source Public

Type of Parking Other

Water View Y/N N

Building Area Total 2600.00

Lot Size Acres 0.06

Lot Size Source Estimated

Road Responsibility City/County

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 320

* Excluded Features

List By

Realty One Group Unlimited

Broker

laurad@diamantoniteam.com

Affordability Calculator

$2,273

Per Month

Monthly Principal & Interest: $1,887
Monthly Property Taxes: $387
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lancaster, PA

Average List Price ^$1,701,314

Percent of Sale Price 440%

About Lancaster, PA

61,016 Population

8% Since 2002

^$37,817 Median Income

34.09 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/14/2024	$315,000	-25.88%	Price Down
11/22/2023	$425,000		Listed Price

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320 N Cherry Street, Lancaster, PA, 17602 is a Commercial Property for sale at $315,000 with 2,600 sqft and a lot size of 0.06. 320 N Cherry Street is a studio with 0.0 baths and was built in 1878. The property's zip code is 17602 which is in Lancaster, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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320 N Cherry Street

Commercial Property for sale in Lancaster, PA

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